B
BTC $113,456 ↓ 0.8%
E
ETH $3,577 ↓ 2.2%
X
XRP $2.92 ↓ 4.1%
U
USDT $1.00 ↑ 0%
B
BNB $748.39 ↓ 1.9%
S
SOL $161.49 ↓ 3.9%
U
USDC $1.00 ↑ 0%
S
STETH $3,570 ↓ 2.2%
T
TRX $0.33 ↓ 0.8%
D
DOGE $0.20 ↓ 4.9%
A
ADA $0.71 ↓ 4.5%
W
WBTC $113,406 ↓ 0.8%
B
BTC $113,456 ↓ 0.8%
E
ETH $3,577 ↓ 2.2%
X
XRP $2.92 ↓ 4.1%
U
USDT $1.00 ↑ 0%
B
BNB $748.39 ↓ 1.9%
S
SOL $161.49 ↓ 3.9%
U
USDC $1.00 ↑ 0%
S
STETH $3,570 ↓ 2.2%
T
TRX $0.33 ↓ 0.8%
D
DOGE $0.20 ↓ 4.9%
A
ADA $0.71 ↓ 4.5%
W
WBTC $113,406 ↓ 0.8%

Circle Applies for US Trust Bank Charter

July 1, 2025 Sama Tarek 1 min read Short News

Circle, the issuer of the USDC stablecoin, has applied to the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter. If approved, their “First National Digital Currency Bank” would oversee USDC reserves and offer digital asset custody services to institutional clients. This strategic move aims to strengthen USDC infrastructure and align with anticipated U.S. stablecoin regulations, particularly the GENIUS Act recently passed by the Senate.

Sama Tarek

Sama Farghaly is a contributing writer covering the evolving intersection of compliance, fintech, and digital assets. She brings practical, on-the-ground experience advising Web3 startups and licensed entities on regulatory frameworks across the UAE and international markets. Sama specializes in AML/CFT policy development, licensing strategy, and operational compliance, with a focus on helping companies navigate complex legal environments. Her writing translates regulatory developments into clear, actionable insights—bridging the gap between policy and innovation for a global crypto audience.

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